D. Carnegie & Co Sells Holdings in Gothenburg

Sweden — D. Carnegie & Co AB has sold a residential area in Hammarkullen outside of Gothenburg. The property comprises of approximately 890 flats with a total leasable area of 65,000 square metres. The underlying property value is approximately MSEK 500 (€54M).

2015-05-22

The buyer is Real Holding AB.

The resulting capital gain for D Carnegie is MSEK 24 over the most recent valuation.

“Since D. Carnegie & Co works with properties which are primarily in the Stockholm region or in areas that are commuting distance to Stockholm, selling off these residences is a natural thing to do,” says Ulf Nilsson, CEO of D. Carnegie & Co, which is listed on Nasdaq Stockholm.